House2017-05-17Referred to the House Committee on Small Business.1152017-05-17Puerto Rico Small Business Assistance Act of 2017

This bill amends the Small Business Act regarding small businesses that have their principal office in Puerto Rico, including to temporarily:

increase the total amount of loans outstanding and committed to any microloan intermediary if at least 20% of the intermediary's loans are made to such businesses;

waive the Small Business Administration (SBA) Microloan Program's limit on an intermediary's spending on technical assistance for prospective borrowers if 25% of the intermediary's loans are made to these businesses;

reduce or eliminate SBA fees on certain loans to such businesses; and

give federal contract preference to such businesses, transfer specified technology or surplus property to them, and provide subcontracting incentives for their protege firms.

The SBA shall establish: (1) a Veteran Business Outreach Center in Puerto Rico, and (2) a temporary Federal and State Technology (FAST) grant program to provide assistance to Puerto Rico businesses.

The SBA district office in Puerto Rico must temporarily report annually to Congress and the SBA on its activities in Puerto Rico.

]]>2017-05-17T04:00:00Z002018-10-03T21:07:32ZIntroduced in HouseIntroduced in HousePRG0005822017-05-17Rep. Gonzalez-Colon, Jenniffer [R-PR-At Large]R0TrueJennifferGonzalez-Colon2347G000582NYS0002482017-05-17Rep. Serrano, Jose E. [D-NY-15]D15TrueJOSESERRANO1042S0002488077E.NJM0011932017-05-17Rep. MacArthur, Thomas [R-NJ-3]R3TrueThomasMacArthurM0011932258FLS0012002017-05-17Rep. Soto, Darren [D-FL-9]D9TrueDarrenSoto2319S001200WID0006142017-05-17Rep. Duffy, Sean P. [R-WI-7]R7TrueSeanDuffy82202072D000614P.FLM0012022017-05-17Rep. Murphy, Stephanie N. [D-FL-7]D7TrueStephanieMurphy2318M001202N.CAV0001302017-06-07Rep. Vargas, Juan [D-CA-51]D51FalseJuanVargasV0001302112ALS0011852017-06-07Rep. Sewell, Terri A. [D-AL-7]D7FalseTerriSewell1988S0011857792A.NJP0000962017-06-07Rep. Pascrell, Bill, Jr. [D-NJ-9]D9FalseWILLIAMPASCRELL80501510P000096J.NJS0011652017-06-07Rep. Sires, Albio [D-NJ-8]D8FalseAlbioSires1818S0011658055VAM0012002017-06-07Rep. McEachin, A. Donald [D-VA-4]D4FalseA.McEachinM0012002352DonaldCAR0004862017-06-07Rep. Roybal-Allard, Lucille [D-CA-40]D40FalseLUCILLEROYBAL-ALLARDR0004867839997MNE0002882017-06-07Rep. Ellison, Keith [D-MN-5]D5FalseKeithEllisonE00028818578005COD0001972017-06-07Rep. DeGette, Diana [D-CO-1]D1FalseDIANADEGETTE78591479D000197TXG0004102017-06-07Rep. Green, Gene [D-TX-29]D29FalseGENEGREENG0004108185462TXC0010912017-06-07Rep. Castro, Joaquin [D-TX-20]D20FalseJoaquinCastroC0010912163NYC0010382017-06-07Rep. Crowley, Joseph [D-NY-14]D14FalseJOSEPHCROWLEY1604C0010388068CAC0010802017-06-07Rep. Chu, Judy [D-CA-27]D27FalseJudyChu1970C0010807837NYC0010672017-06-07Rep. Clarke, Yvette D. [D-NY-9]D9FalseYvetteClarkeC00106718648072D.NYE0002972017-06-07Rep. Espaillat, Adriano [D-NY-13]D13FalseAdrianoEspaillatE0002972342NYJ0002942017-06-07Rep. Jeffries, Hakeem S. [D-NY-8]D8FalseHakeemJeffries2149J000294S.RIC0010842017-06-07Rep. Cicilline, David N. [D-RI-1]D1FalseDavidCicilline81392055C001084N.NJP0000342017-06-07Rep. Pallone, Frank, Jr. [D-NJ-6]D6FalseFRANKPALLONEP0000348878048FLH0003242017-06-07Rep. Hastings, Alcee L. [D-FL-20]D20FalseALCEEHASTINGSH0003247895511L.VAS0001852017-06-07Rep. Scott, Robert C. "Bobby" [D-VA-3]D3FalseRobertScott1037S0001858194C. "Bobby"FLC0010662017-06-07Rep. Castor, Kathy [D-FL-14]D14FalseKathyCastor78831839C001066MIL0002632017-06-07Rep. Levin, Sander M. [D-MI-9]D9FalseSANDERLEVIN683L0002637997M.MAK0003792017-06-07Rep. Kennedy, Joseph P., III [D-MA-4]D4FalseJosephKennedyK0003792172P.VTW0008002017-06-07Rep. Welch, Peter [D-VT-At Large]D0FalsePeterWelch1879W0008008204NYE0001792017-06-07Rep. Engel, Eliot L. [D-NY-16]D16FalseELIOTENGEL8078344E000179L.AZG0005742017-06-07Rep. Gallego, Ruben [D-AZ-7]D7FalseRubenGallegoG0005742226NYL0004802017-06-07Rep. Lowey, Nita M. [D-NY-17]D17FalseNITALOWEYL0004807098079M.CAW0001872017-06-07Rep. Waters, Maxine [D-CA-43]D43FalseMAXINEWATERS78401205W000187NYM0011372017-06-07Rep. Meeks, Gregory W. [D-NY-5]D5FalseGREGORYMEEKSM00113715068067W.ILS0011452017-06-07Rep. Schakowsky, Janice D. [D-IL-9]D9FalseJANICESCHAKOWSKYS00114515887929D.CAM0011632017-06-07Rep. Matsui, Doris O. [D-CA-6]D6FalseDorisMatsui1814M0011637810O.NYM0011882017-06-07Rep. Meng, Grace [D-NY-6]D6FalseGraceMengM0011882148MDH0008742017-07-19Rep. Hoyer, Steny H. [D-MD-5]D5FalseSTENYHOYERH0008745667980H.OHB0012812017-08-18Rep. Beatty, Joyce [D-OH-3]D3FalseJoyceBeatty2153B001281MAC0010372018-03-14Rep. Capuano, Michael E. [D-MA-7]D7FalseMICHAELCAPUANO79731564C001037E.2017-05-18T03:11:41ZCommerce2018-07-1915:54:24Held at the desk.115SRelated billCRSMicroloan Modernization Act of 20185262018-04-10Placed on the Union Calendar, Calendar No. 481.115HRRelated billCRSPuerto Rico Small Business Contracting Assistance Act of 201851782017-05-22Referred to the Subcommittee on Health.115HRRelated billCRSPuerto Rico Task Force Economic Empowerment Act of 20172429Puerto Rico Small Business Assistance Act of 2017Border security and unlawful immigrationBusiness educationCaribbean areaCongressional oversightCriminal justice information and recordsForeign laborGovernment lending and loan guaranteesGovernment studies and investigationsImmigration status and proceduresInterest, dividends, interest ratesPublic contracts and procurementPuerto RicoSmall Business AdministrationSmall businessUser charges and feesVeterans' education, employment, rehabilitationCommerce111H111002House floor actionsIntroReferralhssm00Small Business CommitteeReferred to the House Committee on Small Business.2017-05-17Intro-H9Library of CongressIntroReferralIntroduced in House2017-05-1710009Library of CongressIntroReferralIntroduced in House2017-05-1732017-05-171.0.0HR[Congressional Record Volume 163, Number 85 (Wednesday, May 17, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. VELAZQUEZ:H.R. 2488.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1The Congress shall have Power to . . . provide for the . .. general Welfare of the United States; . . .[Page H4311]]]>2488Short Titles as IntroducedPuerto Rico Small Business Assistance Act of 2017Official Title as IntroducedTo provide for small business concerns located in Puerto Rico, and for other purposes.Display TitlePuerto Rico Small Business Assistance Act of 2017(Extracted from GPO) Short Titles as IntroducedPuerto Rico Small Business Assistance Act of 2017hssm00HouseSmall Business CommitteeStanding2017-05-17T14:05:25ZReferred to2018-11-08T23:15:55ZRep. Velazquez, Nydia M. [D-NY-7]V00008180731184VELAZQUEZNYDIADM.V0000817NYtext/xmlENPursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.Congressional Research Service, Library of CongressThis file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.